4723 Beverly Blvd Los Angeles, CA 90004
Re-imagined 23-unit multifamily property with strong cash flow potential.
Lot size:
0.32 AcresProperty Features for 4723 Beverly Blvd
General Information
- Lot size
- 0.32 Acres
Building Details
- Year built
- 1962
Source:
Elliman
Listing Agency: Dover Management Corp.
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Modernized Multifamily Property in Larchmont
Located in the Larchmont/Mid-Wilshire corridor at 4723, 4327, and 4729 Beverly Boulevard, Los Angeles, CA 90004, The Vertical is a 23-unit multifamily property. Constructed in 1962 and extensively re-imagined in 2022, the property features top-tier finishes and in-unit washer/dryers. A full exterior modernization enhances curb appeal. The property includes 23 covered parking spaces, providing a rare 1:1 parking ratio. Fully upgraded capital systems are in place. The property delivers immediate cash flow at a 5.21% cap rate, with a path to 6.14% through interior rent optimization. Situated in a walkable neighborhood near Larchmont Village, Koreatown, and major transit lines, the property offers urban convenience and well-appointed interiors. The property is positioned as a cash-flow property with upside in a prime Los Angeles infill location.
Location Intelligence
Current Use by Public Records
Paul Calbo Co
Apartment Building
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.31221
- Latitude
- 34.07641
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Re-imagined 23-unit multifamily property with strong cash flow potential.
Where is this apartment building located?
The property is located at 4723 Beverly Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $7,950,000.
What are key features of this property?
This property features: - Immediate cash flow at a 5.21% cap rate with a clear path to 6.14% via interior rent optimization.; - Extensively re-imagined in 2022 with top-tier finishes and in-unit washer/dryers.; - Rare 1:1 parking ratio with 23 covered spaces.